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Soern's Group
In this Group: Soern, Reth
Soern is a citizen from a rural village located in the Battambang province’s Thmor Koul district. She is 48 years old and married with two children. For the last ten years, she has been selling grocery items and raising ducks and chickens. With the current business, she can earn about KHR85,000 per day and can save about KHR20,000 each day for the future needs.
Soern is just with VisionFund for this this cycle. Now she is leading her group to ask for a loan. As the leader, Soern is going to use her portion to buy chicken and ducks feeds to nourish them and use a portion of it to spend buying grocery items for resale. She hopes to fatten her chickens and ducks so as to make a living better.

Additional Information

About VisionFund Cambodia

VisionFund Cambodia is a Christian organization and microfinance institution that provides small loans and other financial services to improve the lives of children, empower poor women and their families, and grow successful businesses. The organization works primarily in rural parts of Cambodia and has distinguished itself by targeting the very poor who require smaller loan sizes, regardless of religious beliefs, gender or ethnic background.

Kiva lenders’ funds will help the organization to expand into the northeastern provinces of the country, which have historically been underserved and difficult to reach with financial services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Cambodia

  • $2,600
    Average annual income
  • 187
    View loans »
    Cambodia Loans Fundraising
  • $37,012,675
    Funds lent in using Kiva
  • 4,073.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Soern's Group's $250 loan helped a member to buy chicken and duck feed for nourishment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 23, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014